The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.As you can see, interest rates are projected to increase steadily over the course of the next 12 months.
How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly.
According to CoreLogic’s latest Home Price Index, national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year.
If both the predictions of home price and interest rate increases become reality, families would wind up paying considerably more for their next home.
Even a small increase in interest rate can impact your family’s wealth. Meet with a local real estate professional to evaluate your ability to purchase your dream home.
I am here for You to make sure the process flows smoothly, I'll be free to answer all questions you may have! Don't hesitate to contact me for more information at 512.632.3162 or email me at Christina@TeamPrice.com!
Interested in Buying or Selling a Home/Investment Property?
Please contact me anytime for a Free Market Value Analysis.
Download my app to search for properties by texting 'Christina' to 512-270-7326
REALTOR®, GREEN, GRI, CNE
512 693 8604 office /512 632 3162 cell
Turning Savvy, Informed Austin Area Urbanites into Successful Homeowners, Investors, Sellers and Leaser’s!
Author:Christina Haverty Phone: 512-632-3162 Dated: February 18th 2018 Views: 65 About Christina: Turning Savvy, Informed Austin Area Urbanites into Successful Homeowners, Investors, Sellers and Le...
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Marcela was born in Argentina and has lived in the US since 1993 and in Austin since 2004. She is versatile and multifaceted - being fully bilingual (English-Spanish) and possessing extensive experience with national and international clients. Since becoming a Realtor in 2008, Marcela has been successfully representing sellers, buyers, tenants and landlords.
Before becoming a Realtor, Marcela was an Early Childhood Educator and Administrator (M.Ed.) for nine years, followed by her work for over ten years in the non-profit sector as a Licensed Clinical Social Worker (LCSW). There, Marcela worked with children, families, and couples. It's this training and experience as an educator and family therapist that are instrumental in making Marcela unique in her role as a real estate consultant.
Marcela believes that most real estate transactions are the result of a life transition, whether it's marriage, divorce, empty nest, a new job, or a new child. Marcela's comprehensive experience and training in the fields of education and mental health allow her to provide a unique holistic approach to her business - to the tremendous benefit of her clients. Marcela is passionate about her role as a real estate agent and consultant, and she is known for having her clients' best interests in mind at all times. It's no mystery why 95% of her business is referral-based.
For any questions regarding real estate, referrals to other providers call Marcela at (512) 300-7406 or email her at Marcela@TheAmericasProperties.com"
3106 Fontana Dr B Austin Tx 78704Sunday 2/4/2018 12 to 3PMThis gorgeou
"How lucky can one get to be represented by someone of Marcela's calibre? She is trustworthy, confident, careful, and efficient! As a homebuyer going through the "formal" process for the first time, Marcela made me feel totally in control of the situation and guided me through very tough decisions. She truly is the best!"